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  HOME | Business & Economy (Click here for more)

Canada’s Conditions Prevent Agreement on TPP at APEC Summit

DANANG, Vietnam – Canada’s conditions prevented on Friday an agreement between 11 countries to revive the Trans-Pacific Partnership during the ongoing Asia-Pacific Economic Cooperation summit in Vietnam.

Chilean Foreign Minister Heraldo Muñoz attributed the lack of agreement over the TPP to the demands made by Canadian Prime Minister Justin Trudeau, who was present in Danang, the port city in central Vietnam where the summit is being held.

“The (Canadian) Minister of Trade had last night gone along with the agreed text. But the prime minister wanted to go further,” explained Muñoz, who revealed there were differences regarding intellectual property and the internet.

However, the Chilean minister downplayed Canada’s demands and said that if there was any adjustment that needed to be made, they would hardly affect the other negotiating countries.

Muñoz hoped an agreement over the TPP would be reached as soon as possible, suggesting that it might even be a “matter of weeks.”

After the United States’ exit from the TPP in January, the parties negotiating the deal are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

 

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